The University of Oulu has recently been successful in a bid for funding under the Northern Periphery and Artic Programme. The three year project - FREED (Funding Resources for innovation in Energy Enterprise Development) - will provide SME’s in the program area with the support network required to introduce and develop energy innovations which would otherwise be unavailable to them.
A five step process FREED will
- Carry out a needs analysis of the types pf energy innovations required in the partner region
- Initiate a tender process to generate the necessary technology innovations
- Partner R&D institutions with SME’s from the region
- Develop business plans to assist the SME’s in delivering the innovation in the region
- Provide a financing service that utilises private investment funds to aid the development of the innovations
The project is led by the University of Oulu in Finland, and is a collaborative partnership involving private investment firms, R&D institutions, colleges of education and public bodies from Scotland, Northern Ireland, Norway, The United Kingdom, Germany and Ireland.
The project kicked-off meeting will be held in February, and we expect to have a website up and running by March.
Development manager Eva Pongracz
Energy and Environmental Engineering
Last updated: 27.1.2016